Wednesday, 9 August 2017

EPIC RESEARCH MCX GOLD UPDATE OF 09 AUGUST 2017

Gold trading range for the day is 28174-28632. Gold prices dropped after U.S. jobs data came in better than expected and the dollar turned positive. U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers.SPDR Gold Trust saw its holdings drop more than 7 percent in July, as investors dumped bullion for other assets and led it to its biggest monthly decline since April 2013.